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...“I strongly believe that electronics is the single most critical industry to building a smart and sustainable world,” he said in a statement....
...Glencore produces cobalt, nickel, copper and other minerals, and is also one of the world’s largest recyclers of batteries. It does not mine lithium but recently started to trade the metal....
...The deal comes amid growing competition and consolidation as the industry looks to move beyond the disruption of the pandemic....
...Before we were talking about the military, telecommunications, now we’re talking about critical minerals, energy,” she said....
...Signa also approached other investors, according to industry insiders, a sign of how widespread the challenges facing the group are....
...Straubel established Redwood Materials in 2017 to reshape the supply chain for electric vehicles by recycling the materials in batteries and reducing the need to mine for more of the minerals the industry...
...The deal, which creates a company projected to be the industry’s third-largest producer by 2027, comes as the US and Australia step up efforts to cut reliance on China’s supply of critical minerals....
...Little wonder the beauty industry is energetically prospecting the biotech frontier....
...Jakarta is also lobbying Washington for Indonesia to receive a tailored trade deal on critical minerals similar to one agreed with Japan in March....
...(Gillian Tett and Patrick Temple-West) Few parts of the financial sector have been more controversial than the private equity industry....
...In the five-year budget delivered in 2022, the government earmarked $1.5bn for critical mineral projects, as well as a 30 per cent tax credit for the exploration of 15 critical minerals including copper,...
...Tax credits are also available for EV battery sourcing and critical minerals for Mexican companies....
...There’s a lot of ecosystems and support that go all the way back to your mining of minerals . . ....
...The Shenzhen-based company is highly self-sufficient, controlling its local supply chain of minerals and batteries as well as computer chips and other electronics....
...Analysts at Cowen estimate more than $91bn will be pumped into the country’s battery industry in the coming decade as a result of the legislation....
...This technology can recover more than 90 per cent of the essential minerals for batteries, the bank estimated. The bank concedes that electroextraction is not commercially viable yet....
...These cleaned and processed metals, minerals and derivatives make their way into products worldwide — and there are no back-up sources.”...
...While Australian mines extract more than half the world’s lithium, Chinese companies are by far the biggest processors of the mineral....
...The dramatic spikes in oil and mineral prices after Russia’s invasion of Ukraine have distracted investors from the long-lasting and more dangerous impact of food inflation, BlackRock founder Larry Fink...
...India could overtake China as the world’s biggest buyer of minerals over the next 10 years, according to a prominent industry investor, as China’s debt and demographic challenges become “incredibly problematic...
...A version of this article was first published by Nikkei Asia on August 25 2022. ©2022 Nikkei Inc. All rights reserved....
...“This could become very tricky and will test the industry’s mettle.”...
...But most executives agreed the industry’s woes would not fade fast....
...The mineral is often labelled as a “semi-rare earth”....
...But the US bank run by Jane Fraser has struggled to keep up with the industry’s costly talent war for young staffers....
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